Willits Town Center Basalt, Colorado

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1 WILLITS TOWN CENTER

Willits Town Center Basalt, Colorado Willits Town Center supports a year-round community with a diverse group of restaurants, retail shops, office space,

Located in scenic Basalt, Colorado, Willits Town Center is a mixed-use development that includes 250,000 square feet of commercial space and 120,000 square

Located just minutes from world-class ski resorts, miles of hiking and biking trails, alpine camping, world-renowned fly fishing and much more, Willits

2 Willits Town Center Basalt, Colorado Willits Town Center supports a year-round community with a diverse group of restaurants, retail shops, office space, residential lofts and more. Located in scenic Basalt, Colorado, Willits Town Center is a mixed-use development that includes 250,000 square feet of commercial space and 120,000 square feet of residential condos. Located just minutes from world-class ski resorts, miles of hiking and biking trails, alpine camping, world-renowned fly fishing and much more, Willits offers something for everyone. Built around a central town square with plenty of green space, Willits is the only sustainable, mixed-use community in the Roaring Fork Valley. The project is anchored by Whole Foods and is home to popular, urban-chic retailers including Starbucks; Four Dog Fine Wines and Spirits; Salon Terra, an Aveda Salon; Mauka Frozen Yogurt; Bristlecone Mountain Sports; and Sure Thing Burger.

Where Affluence, Activity, and Altitude Meet Snowy peaks, back country wilderness, and pristine trout streams provide a stunning backdrop and premier playground for an exceptional high life.

Willits Town Center sits along Highway 82, the region s sole vehicular route between Glenwood Springs and Aspen, and serves an affluent and energetic primary trade area.

3 Where Affluence, Activity, and Altitude Meet Snowy peaks, back country wilderness, and pristine trout streams provide a stunning backdrop and premier playground for an exceptional high life. Basalt is at the geographic center of the Roaring Fork Valley, which is home to some of the state s most dynamic growth and year-round cultural and recreational treasures. Willits Town Center sits along Highway 82, the region s sole vehicular route between Glenwood Springs and Aspen, and serves an affluent and energetic primary trade area. More than 35,000 vehicles pass the Center along Highway 82 daily The renowned luxury resorts of Aspen and Snowmass Village (20 minutes away), and Carbondale and Glenwood Springs comprise the primary trade area The primary trade area includes approximately 92,000 households

Upscale Shopping Grounded in Core Conveniences In its mountain resort setting, Willits Town Center

In this community where people live, work, dine, play, shop and stay, design and accessibility

4 Upscale Shopping Grounded in Core Conveniences In its mountain resort setting, Willits Town Center makes Colorado adventuring easy, and is the perfect place to relax, explore, and experience some of the state s unique wonders. Willits Town Center delivers on the expectation of convenience and efficiency. In this community where people live, work, dine, play, shop and stay, design and accessibility define the exceptional. 1,500 parking spaces Underground residential parking Bus stop access to Roaring Fork Transit Authority (RFTA) Bus Rapid Transit (BRT) Proximity to 6,178 businesses within 30 miles

Eco-Friendly, Modern Hotel Opening in 2015 Element Hotel attracts college-educated professionals and travelers aged 30 to 45 years who live balanced, active lifestyles.

feature a four-story building with 113 guest rooms that include fully equipped kitchens, spa-inspired bathrooms and Westin heavenly beds Element Hotels projects to drive room rates well in excess

5 Eco-Friendly, Modern Hotel Opening in 2015 Element Hotel attracts college-educated professionals and travelers aged 30 to 45 years who live balanced, active lifestyles. Inspired by Starwood s Westin Hotels & Resorts, Element Hotels are designed to provide a balance for both business and leisure travelers over an extended stay The Element Hotel at Willits will feature a four-story building with 113 guest rooms that include fully equipped kitchens, spa-inspired bathrooms and Westin heavenly beds Element Hotels projects to drive room rates well in excess of Glenwood Springs lodging, but still offer consumers a significant discount from the Aspen/Snowmass resort markets in both the summer and winter Element Hotels average occupancy is 83% with an average room rate of $161 a night

Visitors Per Month Where Nature s Beauty Drives Thriving Tourism The Aspen area s top feeder markets include Texas, California, Florida, New York and

destination with 345,898 236,468 146,190 more than 2.

6 Visitors Per Month Where Nature s Beauty Drives Thriving Tourism The Aspen area s top feeder markets include Texas, California, Florida, New York and Illinois The Aspen Airport is the third-busiest in the state, with more than 400,000 annual passengers The primary trade area s annual tourism spending exceeded more than $1.5 billion in , , , , , ,330 Jan Feb March April May June July Aug Sept Oct Nov Dec The Aspen area is a year-round destination with 345, , ,190 more than 2.2 million annual tourists 84,630 88, ,845 Average visit is five nights, with 88% of tourists staying at least one night The trade area s tourists are very affluent 75% of visitors have an average household income of $100,000+ Of these visitors, 38% are represented by families with children living at home; 32% are empty nesters, 14% are single without children and 17% are couples without children

7 Longmont 134 Granby Boulder Rifle Silt New Castle Carbondale 70 Glenwood Springs 24 Gypsum White River National Forest Willits Town Center Eagle Edwards Vail Minturn Silverthorne Frisco 6 40 Breckenridge Bailey Conifer Denver Snowmass Aspen Leadville 285 Willits Town Center Basalt, Colorado AREA MAP

8 Willits Town Center 2013 Trade Area Willits Town Center 15-mile Trade Area Shopper Profile: 2017 Est. Population 31,697 Garfield 15 mile 70 Eagle Vail Average Household Income $103,203 Average Age 39.7 years 70 Willits Town Center 10 mile 5 mile Snowmass 71% of the trade area s population are Brand Shoppers, defined as consumers who buy well-known brands because they provide the best quality for the price Pitkin Aspen Source: Alexander Babbage 2013 Shopper Intercept Study 2013 Average Single-Family Home Prices by County Mesa Eagle: $903,000 Pitkin: $3,700,000 Garfield: $339,990 Gunnison Mesa: $234,700 Gunnison: $325,870 TRADE AREA MAP

9 Bow Tie Cinemas 23.3 Miles to Glenwood Springs City Market El Jebel Bus Stop US Bank WILLITS TOWN CENTER Willits Ln Bank of Colorado 82 20,000 ADT Willits Bus Stop Miles to Aspen

ABOUT LEGACY DEVELOPMENT 2015-2017 LEGACY Development LEGACY Development has maintained the same unwavering goal for more than

Since 1995 the team at LEGACY has had a hand in creating more than 50 projects with over 31 million square feet of commercial

Today, the company continues to deliver properties that provide a unique customer experience and add value for owners, tenants

10 ABOUT LEGACY DEVELOPMENT LEGACY Development LEGACY Development has maintained the same unwavering goal for more than 20 years: To create world-class retail and mixed-use developments. Since 1995 the team at LEGACY has had a hand in creating more than 50 projects with over 31 million square feet of commercial space across 14 states. Today, the company continues to deliver properties that provide a unique customer experience and add value for owners, tenants and the community alike. See more at legacydevelopment.com LEGACY Development 4717 Central Street Kansas City, Missouri legacydevelopment.com CONTACT THE LEGACY DEVELOPMENT TEAM: John Liprando Executive Vice President of Leasing jliprando@legacydevelopment.com

University of California, Irvine - Division of Continuing Education

Waseda University, Study Abroad 2017 Waseda CS-L (Customized Study - Language Focused Program) at University of California, Irvine - Division of Continuing Education Location: P.O. Box 6050, Irvine, California